Examining the role of ICT, transportation energy consumption, and urbanization in CO2 emissions in Asia: a threshold analysis.

ICT is viewed in earlier research as a double-edged sword that may either help or hurt the environment. Asian nations' ICT penetration has significantly expanded in recent years, and they are eager to bring about a digital revolution by building up their ICT infrastructure while consuming less energy for transportation and urban growth. Therefore, the purpose of this article is to investigate how ICT might reduce CO2 emissions through the use of transport energy and urban development. Empirical and theoretical debates have been remaining ambiguous and contentious topic of whether energy consumed by the transport sector and urbanization causes CO2 emanation in Asia, and what role ICT played in determining the level of CO2 remains unanswered. This study adds to the ongoing discussion for sustainable transportation in ten Asian nations for 30 years that concentrate on the relationship between the energy consumption of transport, urbanization, ICT, and carbon emanation (1990-2020) and checked the validity of EKC. The STIRPAT and panel threshold models having two regimes are used to explore the stochastic impacts of the dependent and explanatory variables. We have divided explanatory into two categories, that is, the threshold variable ICT and the regime-dependent variables urbanization and transport energy consumption. Our results confirm that the EKC hypothesis holds in these Asian economies. Thus, our findings indicate that the environmental quality improves in terms of reduction in CO2 emissions when ICT passes the threshold level due to the technological advancement in ICT dominating the scale effect induced by ICT. Furthermore, the possible policy recommendations are discussed according to the findings.

Impact of technology on the relation between disaggregated energy consumption and CO2 emission in populous countries of Asia.

All around the world, but particularly in developing nations, carbon dioxide emissions are on the rise, and climate change and global warming are brought on by an increase in CO2 emissions. This article provides an overview of the technological effect on energy consumption in the residential, transport, and industrial sector and its ultimate effect on the environment. Using the STIRPAT-Kaya-EKC model for the years 1990 to 2020, this study looked at the threshold impact of technological advancements on the link between disaggregated energy use and CO2 emissions for a panel of 10 Asian countries using the panel threshold regression. Findings demonstrate that the EKC phenomenon is present in the chosen Asian region. Findings also suggest that technology has a threshold influence on the relationship between energy use and carbon emissions; however, this effect varies across sectors.

Ensuring environmental inclusion in developing countries: the role of macroeconomic policies.

In every society, there exist disadvantaged groups who have failed constantly to take part in the development of the economy and reap the benefits of economic growth as well. Along with economic and social factors, environmental factors are also accountable in making inclusion a challenge for the marginalized group. Contaminated drinking water, inappropriate sanitation systems, and pollution are the factors that affect health and wellbeing of the poor class by affecting their productivity. Thus, the lack of a clean environment leads the poor section towards further poverty and income inequality. Since the 2030 Agenda for Sustainable Development emphasizes three components to achieve sustainable development, namely economic, social, and environmental, this study inspects the role of macroeconomic policies in ensuring an inclusive clean environment in developing countries. Moreover, it considers the composite effect of fiscal policy and monetary policy on environmental inclusion by including interactive terms. This investigation uses FE-2SLS on a panel of 51 developing countries for the period of 1995-2019 to analyse the impact of macroeconomic policies on environmental inclusion. The study provides empirical evidence that fiscal and monetary policy has the potential to ensure an inclusive clean environment in developing countries. The findings imply that the macroeconomic policy actions depend on each other. Furthermore, governments in developing regions are required to cut nondeveloping expenditures and use expansionary monetary policy to promote green growth.

Analyzing the Asymmetric Effect of Renewable Energy Consumption on Environment in STIRPAT-Kaya-EKC Framework: A NARDL Approach for China.

This study aims to analyze the asymmetric relation between renewable energy consumption and CO2 emissions in China using the STIRPAT-Kaya-EKC framework. To delve into the asymmetric effect of renewable energy consumption on the environment, the non-linear ARDL model is used. The results of this study confirm the asymmetric impact of renewable energy on the environment in the long run as well as in the short run. However, the negative shocks to renewable energy have a greater detrimental influence on the environment than the benign effect due to the positive shock to renewable energy. Population growth affects the environment in the short run, whereas technology only affects environment quality in the long run. Moreover, the study supports the EKC theory in China. This research emphasizes that the administration can improve the economy's lifespan by allocating substantial funds to establish legislation to maintain a clean environment by subsidizing renewable energy infrastructure and research and innovations for low-carbon projects.

ICT, renewable energy, financial development, and CO2 emissions in developing countries of East and South Asia.

This study aims to analyze the impact of ICT, renewable energy consumption, and financial development on CO2 emissions in selected developing countries of East and South Asia. Using panel data spanning 1985-2020, Pooled Mean Group (PMG) estimator is used to analyze the short-run and long-run effects. Results suggest that ICT and financial development positively contribute to the degradation of the environment in the long run, while their impact on CO2 emissions is insignificant in the short run. On the other hand, renewable energy consumption affects environmental quality positively in both the long run and short run. It is also examined that economic growth affects CO2 emissions positively but the squared economic growth reduces CO2 emissions which validates inverted U-shaped EKC hypothesis. The empirical findings of the Granger Causality test suggest unidirectional causality from ICT and financial development to CO2 emissions, while a bi-directional relationship is found among renewable energy and CO2 emissions. Results imply that governments in these countries need to invest in renewable energy to control environmental degradation.